Knowledge capital is ________ in production and ________. As a result, firms ________ free ride
A) nonrival; nonexcludable; cannot B) nonrival; excludable; can
C) nonrival; nonexcludable; can D) rival; nonexcludable; cannot
C
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In order to calculate the value of the marginal product of labor, a manager must know the marginal product of labor and the wage rate of the worker
a. True b. False Indicate whether the statement is true or false
Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?
a. 10 reports b. 5 reports per client c. 1.25 reports per hour d. 1/4 report per hour
How can the federal budget deficit affect the level of economic growth in the long run?
What will be an ideal response?
In a closed economy, real Gross Domestic Product (GDP) is at equilibrium occurs where
A. saving exceeds planned investment. B. planned expenditures exceed national income. C. the C + I + G line crosses the 45-degree line. D. all of these.